en.Wedoany.com Reported - Marine infrastructure company Red7Marine has been acquired by infrastructure firm Ancora Group, marking the first deal completed by Ancora since its establishment last year.
Ancora's formation was backed by private equity firm Sullivan Street Partners (SSP). The acquisition was announced on Monday, June 1, with financial terms undisclosed.
Ancora's portfolio now also includes TMS Maritime, Hesselberg Erosion Protection, and Marine Plant Hire. In March, Simon Light was appointed as the new CEO to oversee the group's nationwide expansion. Founded in 1999, Red7Marine is a specialized marine engineering contractor headquartered in Ipswich. In the fiscal year ending July 31, 2025, the company reported a turnover of £42.2 million and a pre-tax profit of £5.5 million.
Red7Marine has an average of 64 employees.
SSP Managing Partner Layton Tamberlin stated that this acquisition represents a "significant enhancement" for Ancora, noting that since acquiring the group last March, the long-term goal has been to build a national marine contractor group with specialized capabilities. This acquisition is a clear step toward that goal, and he is pleased to bring a reputable company into the Ancora Group.
Light said that in its first year under SSP, Ancora faced a "complex mix" of aging assets and increasing climate, regulatory, geopolitical, and economic pressures. "These challenges require broader integrated solutions centered on deep asset knowledge, specialized technical capabilities, and the ability to collaborate with clients and partners to deliver expected outcomes," he said. Light added that Red7Marine and Ancora together have over 100 years of combined experience in specialized marine and civil engineering, and this merger will give Ancora a "stronger presence" on the South Coast.
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